So, How does Wedding Loan work?

Unique personal loan for your grand wedding celebration. At LoanTap, we take into account multiple expenses that you incur for the wedding ceremony. Therefore, our Wedding Loan comes with a flexible repayment option – “Step Up” at an attractive interest rate. Pay only interest for the first 3 months to ease your expenditure post marriage and then fixed EMI for the rest of the tenure. Apply online, submit documentation on a portal and get an instant offer.

Why take Wedding Loan from LoanTap?

Whether it is about booking venues, shopping, catering or other arrangements, you certainly want this to be the most special day of your life. Choosing LoanTap’s Wedding Loan will help you make this day more grand without the worry of expenses.

Instant approval & disbursal

Instant approval & disbursal

Easy online process for loan sanction and fast disbursal within 24-36 hours
Flexible Repayment Option

Flexible Repayment Option

Flexibility to switch to EMI free loan, enhancement and accelerated repayment option after 6 months of disbursal
Higher Loan Amount

Higher Loan Amount

Option to choose from amount ranging from INR 50,000 to INR 10,00,000 basis your requirement
Longer Loan Tenure

Longer Loan Tenure

Flexibility to choose longer loan tenure from 6 months to 60 months making EMIs more affordable
Minimum documents

Minimum documents

We collect only what is basic minimum documents for all our custom personal loan products
Transparent Process

Transparent Process

No hidden charges, No pre-payment charges and secured processes
Basic Eligibility criteria for availing Wedding Loans with LoanTap
  • Individuals with a minimum monthly income of INR 30,000
  • Indian citizens/residents who are 21 years and above
Basic Documents required for availing Wedding Loans with LoanTap
  • PAN Card
  • Salary Slips (Last 3 months)
  • Salary Account Bank Statement  (3/6 months)
  • Address Proof

Personal Loan Product Suite

No matter what your requirement, use LoanTap’s Special Purpose Loan to fulfill all your needs.

House Owner Loan

Rental Deposit Loan

Holiday Loan

Wedding Loan

Medical Loan

Credit Card Takeover Loan

Two wheeler loan

Electric Two wheeler loan

Premium Bike Loan

Personal Loan

EMI Free Loan

Personal Overdraft

Advance Salary

Flexible Repayment options

Final installment options for a loan will be decided based on your profile and inputs.

EMI Free

Interest only payment every month (40% lower monthly installment versus regular EMI) coupled with Bullet Payment every 3/6 months towards Principal. Ideal when: You receive additional income or an incentive every 3-6 months.
Apply Now

Step Up

Interest only Payment for 3 months followed by fixed EMI. Gives you space to manage expenses post an event. Ideal when: Heavy expenditure is involved in a particular event such as Wedding or a Medical Emergency.
Apply Now

Term Loan

Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest. Each Installment reduces both interest and Principal amount. Ideal when: You know the precise Loan Amount needed and your income is consistent.
Apply Now

Your Personal Loan, Your Way!

Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…

Apply Using
Website
Apply Using
Our App
iOS
Apply Using
WhatsApp

Frequently Asked Questions

Any salaried customer with monthly salary more than Rs 30,000 can apply online and check eligibility at https://loantap.in/wedding-loans/. You will need to fill in few basic information to know your eligibility instantly. Final loan amount is decided on the basis of your eligibility and credit checks.

LoanTap takes in account your expenses during marriage times and therefore we offer a completely flexible unsecured loan product through our Wedding Loan. Our Wedding Loan comes with interest only payment up to initial 3 months of loan tenure – with our ‘Step Up’ repayment plan. Wedding Loan also offers other repayment options like EMI Free repayment plan (Interest payment every month and bullet payments towards principal outstanding every 6 months): and Term Repayment plan (Pay equal monthly installments throughout the tenure).The decision of the final repayment plan is taken on basis of your eligibility and credit checks. This eases out your monthly cash outflow post wedding. This also provides enough time for you to settle your cash flows.

We offer Wedding Loan amounts ranging from Rs 50 thousand up to Rs 10 lakhs. Final loan amount decision is arrived at on the basis of your eligibility and credit checks. Wedding Loans are available for tenures ranging from min 6 months and up to 60 months.

We have a very quick and efficient underwriting system which ensures that a marriage loan is delivered to you on time. It usually takes from 24 to 36 working hours; provided all documentation and credit checks are in place.

We need below documents for processing your loan request- PAN, Address proof, 3 months’ pay slips, 6 month’s salary account bank statement, e-NACH mandate form. However, we might request for other documents if need arises during credit checks.

Financial requirements are huge during wedding times. So, one tends to utilize all sources of funds available. Despite every requirement, one should avoid using credit cards for high amounts. Interest rates charged on credit card outstanding amounts are usually as high as 3-4% per month. On the other hand, a wedding loan offers debt at a much lower rate and builds in financial discipline with repayments. Normally, you save at least 50% on interest outflows when you compare wedding loans with credit cards. Flexible payment of wedding loans from LoanTap gives you a buffer of interest only payment for the first five months.

Wedding Loan is available in cities where LoanTap is operational. Currently we are providing our loans in Bangalore, Hyderabad, Chennai, Coimbatore, Mumbai, Pune, Ahmedabad, Vadodara, Raipur, Bhopal, Indore, Jaipur, Delhi-NCR, Ajmer, Lucknow, Mysore, Visakhapatnam, Kolkata, Howrah, Bhubaneshwar, Patna, Nagpur, Nashik, Rajkot, Surat and Chandigarh locations.

Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.

Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.

Yes, you can pre-pay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges.

Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.

Yes, you can pre-pay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges.